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#2
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I’m guessing that we’ll have a lot more closet investors around here…at least for tax purposes.
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel |
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I'd guess that as well. Either that or Biden will have successfully turned us all into businessmen. Wonder what the criteria to meet is for being an investor? Holding for a certain period? I'll check the article. Thanks again |
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I would guess that anyone who sells even every once in a while, and makes a little money doing it on some sales is going to be fine claiming to be an investor. Of course, all of the people running around here proclaiming that they will never ever sell no matter the price might have a harder time. But if they actually never sell, then they wouldn’t care anyway, because they’ll never have a gain or a loss, so there’s no tax consequences to them, at least under current tax law. Now if the government gets around to implementing some of the proposals on taxing appreciated property, especially if they lower the thresholds low enough, then that would be a different scenario. But Bernie and his friends are likely to have a hard time getting that through, at least at thresholds that are low enough to effect most collectors.
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel |
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